The Union Finance Minister, Shri Arun Jaitley: Goods and Services Tax (GST) is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society FM inaugurates the National Academy of Customs, Indirect Taxes and Narcotics (NACIN) Campus in Bengaluru today Inaugurating the National Academy of Customs, Indirect Taxes and … [Read more...] about The Union Finance Minister, Shri Arun Jaitley: Goods and Services Tax (GST) is an efficient tax system which not only checks tax evasion but also helps evolving India to become very strong society
Arun Jaitley
GST council clears state GST laws, likely to roll out by July 1
GST council clears state GST laws, likely to roll out by July 1 New Delhi: GST council moved yet another step closer to implement the country's biggest tax reform possibly from July after the Centre and states agreed on a draft law that will enable states and union territories to impose the Goods and Services Tax (GST), all the five enabling draft bills stand approved to … [Read more...] about GST council clears state GST laws, likely to roll out by July 1
Central government jobs about 2.83 lakh estimated by 2018
Central government jobs about 2.83 lakh estimated by 2018 As per the budget documents, the workforce of the central government establishments would be 35.67 lakh in 2018 New Delhi: Nearly 2.83 lakh central government jobs are estimated to be generated by next year. This projection has been made in the Union Budget for 2017-18 presented last week by finance minister Arun … [Read more...] about Central government jobs about 2.83 lakh estimated by 2018
INCOME TAX TABLE: BUDGET 2017-18
INCOME TAX TABLE: BUDGET 2017-18 Finance Minister Arun Jaitley today proposed to reduce the tax rate for income up to Rs 5 lakh from the existing 10 per cent to 5 per cent while imposing 10 per cent surcharge on income between Rs 50 lakh and Rs 1 crore. Following is the table of impact on individual on tax proposals: INCOME TAX RATE IMPACT (Individual Tax Payers) Up … [Read more...] about INCOME TAX TABLE: BUDGET 2017-18
Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income
A simple one- page Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income. "Finance Minister Shri Jaitley said that the present burden of taxation is mainly on honest tax payers and salaried employees who are showing their income correctly. Therefore, post-demonetisation, there is a legitimate expectation of … [Read more...] about Income Tax Return form for the category of individuals having taxable income upto Rs 5 lakhs other than business income
GST: Finance Minister may hike service tax to 16-18% in Budget
GST: Finance Minister may hike service tax to 16-18% in Budget New Delhi: Finance Minister Arun Jaitley may hike service tax rate to 16-18 per cent from the current 15 per cent in the Budget, due on Wednesday, as a precursor to the Goods and Services Tax (GST) rollout. The move, that will make flying, eating out, phone bills and a host of other services expensive, would … [Read more...] about GST: Finance Minister may hike service tax to 16-18% in Budget
GST – 70,000 Tax Officials warn of non-cooperation movement
GST - 70,000 Tax Officials warn of non-cooperation movement Opposing some recent decisions taken by GST Council, various indirect tax officials' associations today decided to start non-cooperation movement. To start with, the employees associations will not celebrate international customs day on Friday. Besides, they will observe 'black day' by wearing black badges on … [Read more...] about GST – 70,000 Tax Officials warn of non-cooperation movement
GST: Service tax likely to be hiked to 18 percent this budget
GST: Service tax likely to be hiked to 18 percent this budget New Delhi: Most services are likely to attract a tax of 18 percent under the Goods and Services Tax (GST) as Union Finance Minister Arun Jaitley presents the Union Budget on February 1. It will be interesting to witness whether the Centre raises the service tax rate from the existing 15 percent by at least one … [Read more...] about GST: Service tax likely to be hiked to 18 percent this budget
GST Council likely to finalise tax rates shortly
GST Council likely to finalise tax rates shortly New Delhi: The GST Council, which began 2-day deliberations here today, is likely to shortly finalise a 4-tier tax structure with some tinkering of the Centre's proposal. The Centre has proposed 4-tier tax structure of 6, 12, 18 and 26 per cent, the peak rate being for FMCG and consumer durables. According to sources, … [Read more...] about GST Council likely to finalise tax rates shortly
September 2 nationwide strike to be bigger than last years: Unions
Sept 2 nationwide strike to be bigger than last year’s: Unions New Delhi: As many as 10 central trade unions will go ahead with the general strike on Friday saying the government gave no heed to their 12-point charter of demands and is continuing with unilateral labour reforms. CTUs claimed that over 15 crore workers are likely to participate in the strike and it will be b … [Read more...] about September 2 nationwide strike to be bigger than last years: Unions
